“Public wages could drop in 2011 as well, even by 70% if we don’t take these measures now. If the austerity measures fail, the government collapses”, said Seitan as quoted by NewsIn.

The Minister of Labor said that in order to meet IMF targets, the Government would have to lay off around 70,000 workers from the public sector. As for pensions, Seitan added that without a 15% cut, the country would have needed another €800 million.